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CNN
Jul 11, 2011 4:00am EDT
at losses, big concerns over the solver debt crisis. report in a german newspaper is speculating that england may have to be included the bailout. so the european debt crisis is extending beyond grease, portugal and ireland and potentially italy. this is where we're looking at the european stock markets. off by more than 1% with the paris cac. reasons do with the greek debt crisis. a move away from the partial default. london ftse where banks are affected but not quite so badly as in germany and france up by about quarter of a percent and the losses are 2/3 of a percent for the seger smi. we'll have more of that coming up. >>> in terms of the currency markets, here we are, the main story here is that the euro remains under severe pressure, and i think that currency traders are talking in terms of the picture we've seen in recent weeks on the dollar coming to an end and that the dollar will remain in these kind of circumstances the safe haven currency. so looking at 1.5967. again, the pound under a lot of pressure. the euro, 1.4153 and 80.72. remarket stability for the yen dlafrmt
CNN
Jul 1, 2011 5:00am EDT
, state police, patrols or staffing at nursing and veterans homes. it affects roads, it's a big hassle for campers, they've got to leave state parks on this fourth of july weekend. >>> and the nba's collective bargaining agreement ran out. making it the second major sports organization to lead a lockout. the league said lost $300 million last season. so owners want to reduce players' salaries. the sides are so far apart on this that industry insiders say the entire 2011-2012 season is in jeopardy. i'll have more with "sports illustrated" later on in the show. >>> prosecutors in the casey anthony trial can call rebuttal witnesses after the defense rested without put herring on the stand. cnn has obtained home video of anthony as a young girl in 1991. here she is as a friend's birthday party. >> happy birthday, my name is casey. >> what do you think, casey, i didn't get you. >> happy birthday. happy birthday, my name's casey. >> the woman who claims she had an affair with casey's father was on the stand yesterday. here's what she says, george anthony, the father told her about caylee ant
CNN
Jul 11, 2011 1:00pm EDT
house correspondent, and from cnn money. go big or go home. what is the republican push back? >> reporter: we're going to be finding out very shortly because house speaker john boehner will take to the cameras at 1:30 eastern essentially in the rebuttal to the news conference from the president earlier today. but the push back for republicans has been tax increases. you have republicans who have insisted on no tax increases, and democrats that insisted if there will be spending cuts, to achieve trillions of dollars in deficit savings. they don't want to abandon -- if there are going to be cuts to programs that are huge, they want to be able to say we pushed for sacrifices from wealthy americans and corporations. they are trying to strike kind of a just right agreement. because on one hand, you have a lot of republicans, and many of them who were swept into power in the last election saying we're going to cut spending and make government smaller, so the idea of tax increases, and certainly this is something a lot of them literally pledged they will not do, randi, it would forc
CNN
Jul 11, 2011 3:00pm EDT
family are seeking a shorter term deal. but the president is saying no, no. now's the time to go big. get thing done for good. here he was, the president just this morning. >> i will not sign a 30 day or a 60 day or a 90-day extension. that's not an septemberabaccept approach. if it's hard now, how are the guys going to be thinking six months from now in the middle of an election season when they're all up. it's not going to get easier, it's going to get harder. we might as well do it now. pull off the band aid, eat our peas. now's the time to do it. if not now, when? >> brianna at the white house. bring us up to date. are the high stakes talks happening right this very second? >> as we understand it, brooke, these meetings continue here at the white house. president obama with top democrats and republicans in congress. you heard the tone that the president was striking there, like a parent trying to get two kids to share. he's been saying he's bending over backwards, giving up a lot and republicans are not. of course, that is his side of the story. if you were to think of him, he has a f
CNN
Jul 17, 2011 6:00pm EDT
in my book, they are too big, too corrupt, too destructive, too powerful. here in the u.s., there are basically five media companies that own almost all media. and in the uk, it's no different. rupert murdoch and his company simply had too much power. that's why we're seeing high ranking people, even prime ministers, even the head of scotland yard, tied up with this. they had so much power, they had to be kowtowed too. >> lisa bloom, we appreciate that. thank you very much. >> thank you. >>> this scandal is reaching deep now into rupert murdoch's inner circle, and you can be sure that the man at the top is feeling the pressure. murdoch has ads running in seven british papers through monday saying, quote, we are sorry for the phone hacking scandal at the "news of the world." the popular tabloid he just shut down. and here's what he said in his own words. the scandal is widening to another murdoch paper, "the sunday times," and now even the fbi is opening an investigation. the allegations, hacking the personal phones of public figures, and the not so public, from murder vi
CNN
Jul 8, 2011 1:00pm EDT
minutes that window was big enough and right in time for the shuttle to take off today. >> chad, same kind of rules apply, weather standards for the landing that's coming in 12 days? >> a little bit even -- i would say a little bit more conditional on the rain factor because it's a bigger circle. right now all we had to do was shoot this thing straight up. when we land this thing it has to be very dry. you can't have showers around it. think of a dry day in florida in the summertime. you have to go up edwards, one time to white sands but you cannot fly the shuttle because it's screaming hot. thousands of degrees, you can't bly that through a rain shower. the criteria more tense, harder to get through to land this thing back here at kennedy, but they have a big time -- they're going to have a big-time party when this thing finally does come back here. >> chad myers, appreciate that breakdown. good to see you, as always. thanks to our john zarrella. eight minutes past the hour. >>> sound effect is the u.s. labor market sputtering to a virtual standstill. as you know by now, the economy added
CNN
Jul 14, 2011 5:00am EDT
on that in just a moment. i wish i could say there's big news about the debt ceiling talks. i can't tell you that. there's more drama than dealing going on in d.c. right now. a fifth round of talks is set for today. but yesterday didn't go so well. house republicans called for a short-term extension and house majority leader eric cantor says this is what the president said in response. quote, don't call my bluff, eric. and then he walked out a few minutes later. president obama said all along he'd veto any short-term measure. ed administration says failure to raise the $14.3 trillion debt ceiling by august 2nd could trigger a partial default on the part of the united states. thanks to that debt ceiling issue and the possibility of default you're on notice. i'm on notice. everyone from maine to san diego is on in. moody's investor services, the debt rating agency plans to review the nation's aaa bond rating and might downgrade it from stable to negative. standard & poors has the u.s. bond rating under review. let's talk about foreclosures for a second. realty track, the company that tracks the for
CNN
Jul 13, 2011 9:00am EDT
: it is a huge moment for u.s. women's soccer. can they beat back france today? that is the big question. you know what? so many people around the world, as well as people watching them in germany, are actually rooting and cheering for the u.s. they are the favorites to win the world cup. i mean, they just had an incredible performance. you know? here you see them practicing. they had this incredible match against brazil and in the last minute, they scored a goal and then ended up winning on penalty shoot-outs. everyone is still buzzing about how i credible it was. so the question is can they pull it off today? and what many people are saying is that they have got the fitness, they have got the never say die attitude and they hope that they can manage it today. you know, they are very fit and the french have to work their da derrieres off today. >> i think they all will be working their derrieres off. what do you think? you've been watching this closely. >> you've got germany out. that was a huge team and the favorites to win the competition in germany. they got booted out. the brazilians, a
CNN
Jul 7, 2011 3:00pm EDT
this isn't the end, this is the beginning of a new chapter, but the big question remains is what does the next chapter entail? talking up live here from the kennedy space center over the next couple of hours, a special guest including bob crippen, the first of two astronauts to fly up on sts 1 back in 1981. we'll talk to him of what happened then and what he thinks of this whole 30-year era and his thoughts on what's next. also, the man who built the engine of this current rocket, of the current space shuttle "atlantis," and he has some reservations about sort of the nebulous -- the nebulous outlook for manned space flight. a lot more coming at you. just heard the rain picking up again, and if we hear anything more about that possible lightning strike near that launchpad, which is just about three miles over my shoulder, we'll bring it to you live. edie, back knew you in atlanta. >> not what they want to hear or see out there. we'll join you again in a few minutes. >>> now a scandal that's worthy of tabloid headlines itself. journalists working for "news of the world," one of the bigg
CNN
Jul 10, 2011 5:00am EDT
, and then has gone on to be a huge hit? >> yes. i think although "evita" had been a big hit in london "evita" here had bad reviews. the mood changed. funny enough, i think that's an intriguing one because in the late '70s america was a little bit in denial about talking about anything political. i mean, you remember the time, after vietnam, and i remember writing the early days of the "evita" run we hit the -- at the same time of the russian invasion of afghanistan, which i don't think anybody really completely understood what was going on. for give me for talking about afghanistan. i've gone off on a tangent. >> another time. >> suddenly people started talking about politics again. they said, maybe paralleled with what we were trying to say there was an interesting subject. >> how much have the critics gotten to you over the years? >> i don't really care very much if i don't think the critics really understand music. >> somebody that you respect, what is the most hurtful kind of thing they could say that would really get to you? >> i guess somebody who i did respect as a musician said that
CNN
Jul 11, 2011 2:00am EDT
how the wizarding world was brought to the big screen. we'll even show you an exclusive never-before-scene clip of the final movie just days before it open. first a look back on how it all began. >> be safe. be strong. >> reporter: harry potter. the boy who lived, faces his biggest challenge yet. a final showdown with the dark lord and an epic battle ten years in the making. >> the last harry potter. how's that feel? >> you know, very, very strange, considering we've done it for ten years. but it's also a wonderful feeling of achievement and particularly i'm very, very proud of this last film and i think it's the best out of all of them, i think, and you know, i'm very, very excited. >> also excited, the millions of harry potter fans around the world who have been waiting years for this if a nail. >> from what i could see just shooting it, i knew it was -- pretty epic. it's -- i think we -- we do it justice. i definitely -- yeah, we do. >> now, join me, harry, and confront your fate. >> very serious. rising again and really quite disturbing. we're losing characters we've known
CNN
Jul 23, 2011 4:00am EDT
, of being a terror attack. large explosions. a big bomb in oslo, and then a guy who steals is police uniform or creates one and then goes to the camp, and he also had mom-making materials or a bomb on the island. you begin to say this is an awful big sort of incident to have just one person. so for a lot of reasons i think people assume, based on recent history over the last ten years, of an international terrorism conspiracy. we're now hearing maybe not. this may be a right wing extremist. somebody from their midst. >> fran, this reminds me of the oklahoma city bombing. when that happened it was also so big the initial idea was this had to be a group of some sort, and i guess it was. there were two people involved. it was not a massive group nor a big effort. >> that's right. i think one, you will find this will be hard to do alone. the times square bomber, it's hard to have one guy to get the materials and put it together correctly and detonate it. it's reasonable to suspect he had some amount of help. and we are hearing from media sources the individual in custody may have been a farmer.
CNN
Jul 7, 2011 4:00am EDT
to a pretty healthy open. it's in the shadow of the big jobs number out tomorrow. >> indeed. we'll have to see what difference this makes. now, in the u.k., an enormous story, really, that is shaking the government in some ways. certainly putting the prime minister under pressure in parliament. police are theying there will be a full investigation into new hacking allegations, into "the news of the world." it's a sunday newspaper. advertisers are turning their backs on the u.k.'s most popular sunday read. the tabloid stands accused of hacking into the phones of a missing schoolgirl that was later found dead. as well as relatives of the 2005 london bombings six years ago. and the families of soldiers killed in iraq and afghanistan. revelations have made waves across the u.k. and even led to a debate in parliament. and definitely in that debate, i think it's fair to say that the prime minister at times looked very much to be on the back foot. >> he seemed to be. very close with the former editor of "the news of the world." shareholders also getting out of the paper's parent company, which is new
CNN
Jul 18, 2011 1:00pm EDT
general of ohio. there he was a credit of big banks in general and mass foreclosures, and he had a winning streak on a game show. what is the consumer financial protection bureau? it aims to put a stop to predatory lending. it will keep an eye on credit card fees and student loans and keep an ear on consumer complaints. because a whole lot of centers don't like the bureau, the confirmation could be, dare i say, in jeopardy. dan, tell us first why this nomination is not going to elizabeth warren? >> reporter: well, certainly the white house saw her as somebody that could set up the agency and had hoped that she was the person who could potentially lead the agency, but as you pointed out this was somebody who was controversial and ran up against conservatives that would not support her nomination. and one official telling me republicans in congress made clear that they don't support the agency, and they would block all efforts to confirm elizabeth warren as the permanent director. while she was somebody that essentially invented this agency, got it up and going, and brought core dre onboard
CNN
Jul 23, 2011 11:00am EDT
temperature. and when you pile on the humidity, it's a huge difference maker. the big question people have is, when is this going to end? when can we expect some relief? the changes are going to come. we're going to see a lot of the temperatures begin to revert back to where they should be this time of year, into the 70s, the 80s, and some places in the 90s. but that's going to feel better than what you're going to get today. 99 will be your high, expected in new york today. 98 in boston. 102 in our nation's capital. 90s in chicago, back into kansas city, 100 in dallas. and the heat continues into the front range of rockies, the central rockies, and even back to the great basin. the big changes we're going to see, from the highs in the 100s and upper 90s, will come from the big dome of high pressure we've had, that's been over at least half the nation. we'll see this big ridge begin to break down. and when it breaks down, it will create a void, and then a frontal boundary will replace it. it's not going to be frigid, but it will take an edge off that heat in places like boston, chicago, and p
CNN
Jul 27, 2011 5:00pm EDT
's take a look at the big drop on wall street today. the dow closing down 198 points. about 1.5%. the nasdaq slipped 2.6%. the s&p 2%. another drop on wall street. mounting debt crisis could end up lowering the country's signature credit rating for the first time in decades. ahead, we'll lay out the severe consequences of such a move and why some say politicians here in washington are right now playing with fire. and not everyone thinks the country is approaching armageddon. why some lawmakers in congress are taking a hard line on raising the debt ceiling. stay with us. a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately. book it. major wow factor! where you book matters. expedia. ♪ you are my sunshine ♪ my only sunshine ♪ you makes me happy ♪ when skies are grey ♪ you'll never know, dear ♪ how much i love you ♪ p
CNN
Jul 17, 2011 5:00pm EDT
this is a big piece of the engine block that was blown off. it's not because they ran it out of oil. they didn't change the oil. as your engine produces different particulants, you want to pick that up and take it down to the oil pan to the oil filter. so the moral of the story is, if you don't want to see your engine in a commercial with me and jim, make sure you get the works done. the works. oil change, tire rotation, $29.95 or less after rebate. only at your ford dealer. this good. this not no, it's just for new people. hey ! chocolate, vanilla or strawberry ? chocolate ! chocolate it is ! yeah, but i'm new, too. umm... he's new... er... than you. even kids know it's wrong to treat new friends better than old friends. at ally bank, we treat all our customers fairly, with no teaser rates and no minimum deposit to open. it's just the right thing to do. woman: saving for our child's college fund was getting man: yes it was. so to save some money, we taught our 5 year old how to dunk. woman: scholarship! woman: honey go get him. anncr: there's an easier way to save. get online. go to geico.co
CNN
Jul 7, 2011 8:00pm EDT
words, one big, vast cost-saving measure. a politician in britain tonight said, it's a smoke screen. if it is, then once again, the murdoches have played their hand extremely well. >> you talk about a smoke screen and the politicians there. politicians are on the run from this, aren't they? some of them in the past have been very fond of having murdoch publications endorse them, get behind them. now they're trying to say, we've had nothing to do with the man behind the curtain. >> yes, and you see, the thing is that parties from both sides, the labor party, for example, the socialist labor party could never have got elected, perhaps, originally, if the "sun" newspaper, the murdoch staple, hadn't supported them. they always needed them, david cameron, needed the "sun" to come back on to his hands. david come cameron is close friends with rebecca brooks, the editor during this scandal, and is now the top executive. what hugh grant said to me yesterday, basically, the actor, is, it stinks. the stench of collusion between government, politics, media is so entrenched here that one this n
CNN
Jul 19, 2011 4:00am EDT
place over here in the uk. this is one division that has the big question mark over it, the publishing division, $997 million in 2010, 22% of operating income for the company. we have "the wall street journal" front cover, they purchased that for $5 billion. you have $200 million coming from the uk. not a game changer but whether this spills over into the other businesses that rupert murdoch owns. the next division, u.s. broadcast networks, they have about 37% penetration into u.s. house holds, this represents 9% of the bottom line, $409 million they have, tv stations scattered throughout the united states, again, does it spill over because of reputation? right now analysts we spoke to on wall street say not just yet, last division here, sky italia here, scott mockridge, it represents 4% of the operation, not a game changer but feeds in. bskyb would have brought in 15% of earnings per share in 2012 if the deal would have gone through, been held off for 12 to 18 months and it may not happen at all. you take a step back from all the numbers i hoad you, $636 million loss, about 14% of the
CNN
Jul 20, 2011 5:00am EDT
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CNN
Jul 22, 2011 8:00pm EDT
was always striving for a big deal. from the speaker's perspective, the white house at the last minute from their view moved the goal posts. they -- what it sounds like, not only comes to some agreement on a framework, but they were talking real details on some of these proposals, having to do with cuts and spending cuts and medicare and enconstitutitlemen all that. after this agreement that they have come to -- it had reached, they say the white house moved the goal posts. and in their view, speaker bane her to step back, take stock of the situation and really look at the calendar very seriously. as he said had, to do something because the white house's vision was not in line with that of congress. and that's why speaker boehner has now made this very aggressive move saying he's now just working with congress on this. >> jessica, we're running very tight on time tonight. i want to get through a lot fast. is there a sense when you look at the numbers that both sides talk about, even if you take their conflicting versions of what happened, i had the sense they were both talking about really
CNN
Jul 25, 2011 5:00am EDT
days. 106 expected high temperature in the big "d." it will be 92 in kansas city and 80 in new york. that's cooler. 86 with storms in atlanta. some researchers out of the u.k. ali, want to share this story with you, you're a big movie buff and science guy at the same time, researchers out of the u.k. are calling for regulations to curb the integration of human genes basically with animal genes. they don't want to create a human animal, hybrid. who wants that? i can't help but think this has something to do with the release of the "planet of the apes" movie coming up in the beginning of august. called something like "rise of the apes." a popular show when i was a kid and i might see the movie in a couple weeks. >> do you know if we're anywhere down the road close to cloning human/animal cloning? >> we don't need a half man/half horse running around the office. we do use the genes for beneficial scientific uses to try to discover some cures of the diseases. >> it's always the fear someone will use it for the wrong thing. rob, good to see you. check in with you later on. rob marciano i
CNN
Jul 28, 2011 5:00am EDT
higher. the ftse and the dax are both down. sony is reporting big losses. let's go to kyung lah, live in tokyo. good morning, kyung. >> reporter: good morning, ali. it's not just sony but it is a bad day in a lot of boardrooms and many of the electronics companies here in japan. we saw a lot of reporting of the quarter from april to june. sony posted a loss of 191 million u.s. dollars. panasonic, down 390 million. sharp down 630 million and nintendo says they lost in that quarter 327 million u.s. dollars. why? well, partially because of the march 11th earthquake. they are still trying to recover from the poor sales and the supply problems. the other theme we keep seeing over and over again from these electronics companies is the currency problem. the u.s. dollar is sinking. sinking very rapidly in these last six weeks. u.s. manufacturers, just like japanese manufacturers all operate on the u.s. dollar. and so when japanese manufacturers then have to repatriate these funds here, they lose if the dollar is sinking and the yen is rising. what is pushing the dollar down is all of that u.s
CNN
Jul 1, 2011 9:00pm EDT
. >> yes. i think, although "evita" was a big hit in london. "evita" when it opened here had pretty bad reviews. then the mood sort of changed. i think that's an intriguing one because in the kind of late '70s america was a little bit in denial about talking about anything political. you remember the time. after vietnam, after everything and i remember writing in the early days of the "evita" run we hit the -- same time of the russian invasion of afghanistan which nobody understood what was going on. i'm going off on a tangent. it changed -- suddenly people started to talk about politics again and said well maybe eva peron and what we were trying to say there was an interesting subject. >> how much did the critics get to you over the years? >> i didn't care very much if i don't think that the critics understand music. >> but somebody you respect, what's the most hurtful kind of thing that they would say that would get to you. >> somebody who i did respect as a musician said that the score was humdrum or something then i would be sad if i believed in the score. there are always going to
CNN
Jul 7, 2011 5:00am EDT
. >>> big news about the debt ceiling talks. we might see a big shift in the negotiations. the president is going to meet with top senate and house leaders and democratic officials tell us he's prepared to put medicare and social security changes on the table. that's a big about face and it drives home the urgency of the debt situation. >> my expectation is that over the next week to two weeks, that congress working with the white house comes up with a deal that solves our deficit, solves our debt problems, and makes sure that our credit is protected. >> obama is hoping that republicans will support some tax increases or the closing of some tax loopholes or credits. that is going to be a hard sell. here's what republican senator rand paul of kentucky told cnn. >> some of the most conservative members of the senate and house will raise the debt ceiling con tint gent on three items. we want significant cuts, stater to caps like pay as you go, and then we want a balanced budget amendment. if we get these, we'll agree to raise the debt ceiling. >> democratic officials say the president wants
CNN
Jul 8, 2011 9:00am EDT
economist said, ian sheped heardson said a big bucket of cold water. 18,000 jobs created overall. the estimates ranged from 80,000 to 125,000. market and economists expected more jobs creation than that. when you dig within the numbers you can see government jobs were shed. wow. thousands. 57,000 private sector jobs created but 39,000 government jobs lost. unemployment rate went up. so this tells you, kyra, bottom line, that private companies are not confident to hire in big numbers at all and the government, local and state government, because of budget cuts, continue to slash jobs. this is what the trajectory looks like. we have come from massive job losses there over about a year ago 192,000 four months of bad jobs and then you saw job created and it petered out. another thing when we dig into the numbers. you look at the revisions and what prior months were changed either higher or lower and we found another 44,000 jobs we thought had been created weren't. so it was other months revised down about 44,000. manufacturing, construction, temporary services and jobs in these areas
CNN
Jul 14, 2011 6:00am EDT
shutdown in minnesota. >> that's the part -- no beer. >> big problem. a lot of beer that won't be on the shelves. >>> the president's right-hand man on jobs. jeffrey immelt talks about how they plan to get america working again unchlgth fire under fire. >> gunfire all around us. we are rushing out of this area. with dha and essential nutrients also found in mother's milk. purina puppy chow. right now, go to priceline for a sneak peek at recent winning and better than ever! hotel bids to find where you n save up to 60% on hotels. * we'll even email you other people's winning bids, so you'll know what price to name. *á with new hotel bid alerts, from priceline. >>> welcome backing to "american morning." all enemies of india possible suspect this morning after three bomb blasts rocked the country's largest city during rush hour yesterday. 18 people were killed. that's down from 21. and now yesterday, 131 are wounded. officials say these attacks were coordinated by terrorists. but there have been no arrests. india is denying that they were -- missed any warning signs. >> the fac
CNN
Jul 18, 2011 6:00am EDT
. they do, however, believe she's no longer in central florida. when she left the jail, you saw the big crowds there. there were people yelling "killer" in that crowd as she got into the suv and left. there is a great deal of emotion still unresolved around this case. we saw a lot of people getting together who were doing something peaceful with those emotions over the weekend. they went to the site where caylee anthony's body was discovered and held a march from that site to the anthony home. all to remember the child whose death started all of this. it was a very solemn occasion. a lot of people walking in the street. at one point it was reported there were cars lined up on the road about a half mile long of people just parking on the roadside going into those woods where her body was discovered to go to that spot and remember that little girl. again, a great deal of emotion. people trying to process all of this on their own. but casey anthony at the moment is still staying out of the public eye even though she has a lot of legal entanglements she will still have to address in the mon
CNN
Jul 12, 2011 9:00am EDT
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
CNN
Jul 18, 2011 4:00am EDT
to be a catastrophe if they don't. big business is scared. if there's a default, they're going to lose a whole lot. >> reporter: americans don't like hearing about politicians losing their tempers during negotiations. >> i understand it's difficult. my job is very difficult. i don't have the option of walking out of a meeting. that would be considered completely inappropriate. >> reporter: many americans believe the debt ceiling needs to be raised but not everybody. >> if i have a credit card with a certain limit and i'm overspending, the answer is not to increase my spending limit. >> is this going to put a greater burden on us as the american people and i just don't think it will help the situation. >> reporter: but there are eternal optimists. >> no matter what they do, we'll survive. >> reporter: a hopeful note as we head into the home stretch on the debt crisis. fe lee shah taylor, cnn, new york. >> let's go over to south africa, where david cameron, the prime minister of united kingdom will be speaking a bit later on alongside the south african president jacob zu ba. that is the conference a
CNN
Jul 21, 2011 4:00am EDT
last week. that's calms down a little bit. there is a feeling that we have to have the big bang here in brussels. europe has to speak with one voice. they have to come up with a grand plan. even if it's not today. but they have to have steps today about, for instance, do they tax the banks here in europe to get more money to give to greece? do they allow this efsf, the current fund that's helping to bailout greece and ireland. do they allow that to be more flexible. it's complicated. but the point is, people want to see firepower. want to see that the politicians are thing as much as they can that make sure that the euro survives. and make sure there isn't an attack on the bond markets. so, we want to see a lot of words coming out of here. then, see some actions. it will be really interesting. it could be all day. we could be here late into the night to see if they can have common agreement on these two very important issues. >> jim, we should talk about the banking sector and how this affects some of europe's largest banks that are heavily exposed to sovereign debt. of all of the 17
CNN
Jul 25, 2011 4:00am EDT
, again, big difficulties with the sydney s&p 200 by more than 1%. let's move over to europe. we're a touch into the hour on the trading day. a decent run-up on some of these markets in the course of last week, off by -- well, actually only a fraction of a percent now. it has been more than that, half a percent for the cac. in the united states markets clearly opened -- will be opening in less than five hours' time and we're looking to a lower start as well. off by 1%. certainly a little pessimism. maybe some optimism mixed in. we will, as hillary clinton says, see a deal in the course of day or the next day or two. >> yeah, it will be interesting to see how the european markets pan out as well and how it affects the u.s. futures. you know, this talk of possible default is actually sending some investors to safe havens like gold for example. hitting a record high of $1,617.30, now it's $1,617.30. the oil price pulling back just a tad over the back of what's going to happen to the u.s. economy and demand for crude. charles. >> hmm. now, if hillary clinton is right and a deal is ju
CNN
Jul 27, 2011 4:00am EDT
, jach knees yen as well as the british euro. the big news out of australia today, well, basically the aussie dollar is near a 30-year high. since last year alone the aussie dlar has risen this much, 18.6% against the u.s. dollar. tony morris told cnn there will be winners and losers because of this. >> certainly going to make it more difficult for exports overseas, particularly manufacturing. will make it much harder for the retail sec tor to compete with cheaper goods from overseas. another direct impact, it makes it much more expensive for tourists to visit. those parts of our economy for the tourist sector, we're not going to benefit so greatly from that. the wig guest winners for this are the consumers. find it far cheaper to buy hopefully things on the shelves, for example. >> so the aussie dollar's record strength comes partly thanks to the debt ceiling deadlock in the u.s., but also linked with higher-than-expected inflation down under. australia's latest cpi reading came out today at .9%. many analysts were expecting .7%. because of this higher figure there's a higher chan
CNN
Jul 7, 2011 1:00pm EDT
are going to move on to a couple other big stories we've got going on today, one of them being casey anthony will walk out of jail a free woman in six days. now, you hear that, and think back to 48 hours ago. it was at this time tuesday that casey anthony was facing the possibility of life in prison, maybe even facing the death penalty. what a difference 48 hours makes, because today she is counting the days until she walks out of the jail a free woman. she is counting down to six. you know by now, casey anthony was acquitted of murdering her 2-year-old daughter caylee, but convicted on four counts of lying to investigators. just before sentencing, the deceives tried and failed to reduce down to one. here are the four counts. lying about working at university studios, liking about caylee being with a nanny, the fick tick zanny you heard solve about. and lying about speaking to caylee on the phone. this morning, the judge melvin perry gave her the maximum to each of those counts. >> i will sentence you to one year in the orange county jail, xwokting a $1,000 fine on each count all four counts
CNN
Jul 8, 2011 4:00am EDT
of the new session, the big numbers, the nonfarm payrolls out friday. i think the data that more people watch around the world's financial markets than anything else. economists we have been speaking to forecast a gain of 125,000 jobs, plus 125,000 jobs in the month of june. however, that is not enough, because the consensus is that under the present circumstances the united states economy needs to create 150,000 to 200,000 jobs every months, and that's just to keep pace with population growth. so demographics, demographics, demographics. let's look at where the u.s. futures stand in the pre-market action. slightly mixed. broader market off a bit. but the good news is both the dow and the nasdaq are looking right now for gains of around about a tenth of 1%. andrew? >>> now, top u.s. politicians gathered at the white house trying to beat a looming deadline to raise the nation's borrowing limb. but it's hardly a meeting of minds. and nasa is fueling up "atlantis," hoping to launch the final shuttle flight in a few hours from now. but there's one thing that could still get in the way. welcome. i
CNN
Jul 10, 2011 2:00pm EDT
down on the big deal. the white house pushing back saying that boehner had initially agreed to tax increases as part of a deal. where does it go from here? the white house saying that the president still at that meeting today will be pushing for that big deal because they don't believe this is the time to back down. but no doubt, the latest developments will put a great amount of pressure on these talks this evening. >> there has been some compromise. why though might that not be enough to kind of put things back on track? >> reporter: that's right. the compromise you're talking about there, at one point the democrats and president in particular had said that social security and medicare would not be part of this overall deal but in recent weeks the president has been warming up to the idea and putting social security and medicare on the table. but there's been a lot of pressure from the left from liberal democrats who don't believe that some of the hardest working americans should be paying the price while the wealthiest americans are getting off with these tax breaks. so it will
CNN
Jul 10, 2011 4:00pm EDT
hard. but this is a grave moment for the country. we need to do something very big, very substantial to bring our long term deficits down over time. we have to do that in a way that's good for the economy so we give more support to the economy still healing from the great recession. and it's going to require both sides to compromise. >> cnn dan lothian is at the white house right now. dan, bipartisan talks fell apart yesterday. what was the breaking point. >> the breaking point really was republicans, in particular house republicans, speaker john boehner saying democrats and the president continued pushing for tax increases as part of any deal. as you know, this white house, the president, has been talking about wealthier americans needing to bear some of the burden here and looking at how you can shave back some of the breaks and loopholes that wealthy americans receive. so boehner walking away from the discussions now looking at perhaps some sort of a smaller deal. but the white house saying that the president still wants to move forward with this ambitious plan of cutting the defi
CNN
Jul 10, 2011 5:00pm EDT
. >> oh, my gosh. everything's big in texas. >> and a year in jail. unbelievable. >> you can catch our legal guys every saturday noon eastern right here in the "cnn newsroom." -- captions by vitac -- www.vitac.com >>> the u.s. is withholding $800 million in aid to pakistan. president obama's chief of staff confirmed the move today. william daley says pakistan has, quote, taken some steps that have given us reason to pause, end quote. the pakistani military tells cnn it has not been officially informed that aid from washington is being withheld. >>> with the final edition of britain's popular tabloid "news of the world" on stands, rupert murdoch is hoping to limit the damage to his media empire. murdoch arrived in london today. his company's british subsidiary closed "news of the world" after reports the newspaper hacked the phone of a missing teenager who was later found dead. >>> in india 13 cars in a packed train jumped the tracks today. rescue officials confirm 28 deaths already and say that number will likely rise as they search the wreckage. more than 100 people are reported hurt.
CNN
Jul 11, 2011 6:00am EDT
the baby is not breathing on his own. we'll keep a close eye on baby jamichael, a big kid. that's it for me on "wake-up call." "american morning" begins right now. >> good morning to you. i'm kiran chetry. a lot going on. let's get you caught up. the end of the line for the "news of the world." the british tabloid shutting down after sunday's edition after new reports that the paper reportedly tried to hack the phones of 9/11 victims. >>> a deal to raise america's debt ceiling still out of reach. talks continue today with the president warning we have ten days left to get an agreement or risk default on this "american morning." >>> and good monday morning to you. start of another week here on "american morning." it is july 11th. nice to see you back. >> great to see you. >> the shuttle went off on the first try. >> i couldn't believe it. we were all thinking the weather was horrible but it went off. can't get the three of us together a whole lot. christine is off. >> summer vacation. >> no deal on raising the debt ceiling. last night talks at the white house fizzled out. preside
CNN
Jul 11, 2011 9:00am EDT
this big deal, takeover bid by rupert murdoch of british sky here. people don't want to see that deal go through, kyra. >> we'll continue to follow that story. i have a feeling a lot more is going to break, it's just starting to unfold. zain, thanks. >>> trying to broker a deal. in less than two hours from now, he will turn to the public with a news conference. dei dan lothian joins us from the white house. >> reporter: medicare and social security they don't want touched by this deal and on the other side, republicans are saying no tax hikes at all. you're seeing the president using his bully pulpit, if you will, for the second time now in as many weeks, the president holding a press conference, a chance to try to get both sides to sit down and hammer out an agreement and spell out what the consequences will be if that debt ceiling isn't raised by august 2nd. the president, aides tell me, will continue to push for what's being called that bigger deal, up to $4 trillion in spending cuts and also tax hikes. the reason for that is because the president believes that this is the best thing
CNN
Jul 11, 2011 11:00am EDT
:00 this afternoon. as i said, the leadership has been asked to come back with special fix. the big question today is, will they be looking at that medium-sized deal and will they have enough details to get something done? there is not a lot of certainty that they can cut that big deal. the president has said he cannot cut a short-term deal. they have to have a deal. there is a lot of uncertainty right now. it is all very unstable, very much up in the air. everybody is playing for their negotiating position right now. the president is using the leverage he has to keep up as much pressure as he can. >> jessica, i am sure you will be answering that question from that. >> john king is here. it is interesting. the president is going to be in the briefing room. he is out of the east room where there would be a dramatic announcement. this is just sort of a surprise in the middle of these tough negotiations. he has decided to go public to try to put pressure on us. >> i am not surprised. i find it interesting that before they go pack back to mee 2:00 in the afternoon, he is coming out of here to talk about
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